IRM Energy Limited has informed the Exchange regarding Proceedings of 10th Annual General Meeting held on September 25, 2025
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IRM Energy Limited held its 10th AGM on September 25, 2025, via video conferencing, chaired by Dr. Rajiv I Modi. Five ordinary resolutions were passed, including adoption of FY25 audited financial statements, declaration of a final dividend for FY25, re-appointment of Mr. Badri Mahapatra as a non-executive non-independent director, appointment of M/s Manoj Hurkat & Associates as Secretarial Auditor, and ratification of Cost Auditors' remuneration. CEO M.K. Sharma presented a business update showing FY25 CNG volume of 110.37 MMSCM (up 11% YoY) and PNG volume of 94.97 MMSCM (up 12% YoY), with total sales of 205 MMSCM. The company guided FY26 volume of ~240 MMSCM, capex of Rs. 180-200 Cr, gross margin improvement to 25-26%, and operating EBITDA margin of 10-11% (Rs. 5.25-5.50/SCM). Voting results and the scrutinizer's report will be shared separately within the regulatory timeline.
For shareholders, the AGM confirms approval of FY25 results, a final dividend declaration, and continuity of board/auditor appointments. The management's FY26 guidance of ~17% volume growth, 50 new CNG stations, and modest margin expansion points to steady but not aggressive growth, while pending utilization of ~52% of IPO funds (Rs. 260 Cr) could be a watchpoint for capital efficiency.